YOUR CART

The news of Foxconn raising wages due to employees’ discontent (and suicides in extreme cases) shows that companies are starting to bow to pressures from employees for higher wages.This could prove great for countries struggling to get out of this recession through exports because of the possibility of more disposable income in the largest customer base in the world.Coupled with demand by the Chinese for imports this could be the added boost that European and other economies need to get out of their slumps.Though I still feel that domestic demand will play a big part in their recoveries an increase in exports would certainly help.